My morning reads:

• Economy Has Green Shoots From China to U.S. as Data Surprise (Bloomberg) but see Eroding Dividends and Failing QE3 (Political Calculations)
• Of Bear Markets and Defensive Strategies (Random Roger)
• Stock Market Valuation (Dr.Ed’s Blog) see also The Most and Least Effective Stock Buyback Programs (Institutional Investor)
• Puppies: The new indicator of global prosperity? (Washington Post)
Baum: CEOS Talk a good game about deficit reduction while hiring armies of lobbyists and tax accountants (Bloomberg)
• For Obama, No Easy Fix for Convoluted Regulatory System (DealBooke) see also Dangerous Order Types (Nanex)
• Is Siri really Apple’s future? (Counter Notions)
• Google vs. Samsung (Asymco)
• ELECTION HANGOVER? Majority Says U.S. Won’t Avoid Fiscal Cliff Due to Republicans (Bloomberg) see also Americans Favor Regulations More Than Romney Bargained On (Bloomberg)
• How Long Will a Lie Last? Study Finds That False Memories Linger for Years (Scientific American)

What are you reading?


Sentiment Survey Results

Source: AAII

Category: Financial Press

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

9 Responses to “10 Thursday AM Reads”

  1. Mike in Nola says:

    Looks like Republicans have not learned anything and are back to their old craziness.

    Out driving this morning and right wing radio has plenty of Benghazi conspiracy theories, a big one being that Patraeus was blackmailed to keep quiet (although he is no longer blackmailed), another that it was all the UN Ambassador’s fault (yeah, she was in charge) because she may be in line to replace Hillary.

    Graham is calling for a Watergate-type select committee. Even normally pretty sane McCain has jumped on the bandwagon, saying Obama lied about it while last week he admitted to not having much evidence about what happened other than what people had told him.

    I suppose this will replace the passport and Monica’s blue dress in the land of the clueless. Politicians scared of Rupert and Rush have to toe the line to keep them in business.

  2. theexpertisin says:

    Mike in Nola

    Another vast right wing conspiracy, no doubt.


    Kudos for bringing Random Roger into your read list. Roger Nusbaum has been a steady hand with his blog for a long while. While it is not a content rich publication such as yours, Mr. Nusbaum’s blog is worthy of a daily read. It is comfort food in a blogosphere of rants.


    BR: Longstanding fan of Roger.

  3. nofoulsontheplayground says:

    Seeking Alpha: “Stocks and Euro Dollar Futures Positioning”

    The author, Heinz Blaznik (pseudonym Pater Tenebrarum) draws upon John McClellan’s work in 1-year forward EuroDollar futures and subsequent S&P 500 action. tj

  4. nofoulsontheplayground says:

    Sorry, further to that last comment, the chart in the article above suggests a drop to test the 1265 SPX area by early Feb, a bounce that fails, and a drop into the 3rd quarter 2013 to test the 1074 SPX 2011 lows.

    Until the 1-year forward Eurodollar future/SPX correlation chart breaks, it needs to be respected.

  5. nofoulsontheplayground says:

    I’m sorry if my comment at 11:43AM may not make sense. The article and chart it refers to was posted at 11:41AM, but may not be seen as it is awaiting moderation by the site. Hopefully it will pop up soon, as I think it is something everyone should see. Heinz and John McClellan are seeing something here that is not in the mainstream, although it has been available to McClellan’s subscribers.

  6. VennData says:

    “…China’s ruling Communist Party unveiled an older, conservative leadership line-up on Thursday that appears unlikely to take the drastic action needed to tackle pressing issues like social unrest, environmental degradation and corruption…”

    Interesting contrast to our election where are our leaders were chosen in a plebiscite. We wanted younger, moderate, people who would do something about social issues, the environment and corrupt politicians.

    Think about that GOP voter.

  7. VennData says:

    MF Global, part of the vast Left wing plan to undermine wealth, prosperity and capitalism.

    “…The long-anticipated report from the House Financial Services Subcommittee on Oversight and Investigations, which wasn’t supported by Democrats on the panel, stopped short of saying anyone at the company broke the law when it filed for bankruptcy protection in October 2011 and an estimated $1.6 billion in customer money went missing…”

    But they were right up there to the line of law breaking, I mean right up there with in hand-out distance Corzine, Obama, Buffett and all the rest of the hand-out grabbers.

    And I swear to you Bengazi, Petraeus, Solyndra, and ALL the other Obama scandals were at least the same, right up to the line of the law almost being broken at the very least. …So…


  8. Jojo says:

    Election Over: Time for Progressive Dems to Face the Truth
    By Jeff Faux
    Posted: 11/09/2012 6:12 pm

    Terrorized by the prospect of a complete takeover of the U.S. government by right-wing reactionaries — progressive Democrats swallowed their unhappiness with Barack Obama throughout the campaign. They gamely defended his policies on the economy, health care, budget priorities and other issues on which they felt betrayed in his first term.

    We’ve now dodged the bullet of a Romney White House, so let’s get back to reality. Despite his campaign-trail populism, the president will continue the politics of accommodation to conservatives. Two of the three priorities he has set out for his next term are at the top of the GOP agenda: a “grand bargain” to cut government spending over the next 10 years and corporate tax reform that would cut rates — don’t hold your breath — close loopholes. The third priority, rationalizing immigration law, is one of the few progressive ideas that also has the support of the Chamber of Commerce and the Business Roundtable.

    Moreover, his next term’s policy advisers will be the same — or come from the same Washington/Wall Street executive personnel pool — as his last term’s advisers. Indeed, from the White House perspective, the election vindicated their first term performance.

  9. nofoulsontheplayground says:

    Tom DeMark’s Numerology Lures Investors; ‘Wielding Thor’s Hammer’
    By Anthony Effinger and Katherine Burton on November 12, 2012


    BR: I started reading this yesterday, its queued up for tomorrow’s AM reads!